OctaFX | OctaFX Forex Broker
Open trading account
Back

Fed’s Lockhart says market is well prepared for liftoff

FXStreet (Mumbai) - Fed’s Lockhart, while speaking to CNBC, said the financial markets are well prepared for the interest rate liftoff.

Lockhart refrained from stating the liftoff’s exact time, but markets believe a 25bps or less than 25 bps move may happen at the Dec 16th meeting. “Watch the dots for where the Fed Funds Rate might go”, Lockhart added.

Gold supported by 23.6% Fib retracement level

Gold prices found support at USD 1080.48 (23.6% of Oct 15 high-Dec 3 low, but the rebound was not seen on account of a the USD rally in the European session.
Read more Previous

US: December lift-off expectations cemented by jobs report – ING

James Knightley, Senior Economist at ING, suggests that after the stronger than expected NFP data, the prospect of a 25bp rate hike on 16 December looks good.
Read more Next
Start livechat